Steve Jobs Resigns As Apple CEO


It may not be news to you by now that Steve Jobs, one of the most iconic figures in business, has resigned from his post as CEO of Apple. He is being replaced by COO Tim Cook and will continue as Chairman of the Board, director and an Apple employee of the company.

Here is the letter that Jobs sent to the Board of Directors

I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.

I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.

As far as my successor goes, I strongly recommend that we execute our succession plan and name Tim Cook as CEO of Apple.

I believe Apple’s brightest and most innovative days are ahead of it. And I look forward to watching and contributing to its success in a new role.

I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.

Steve

We don’t know the exact reasons for this move but its not hard to guess considering Jobs’ health issues of the past few years. As a result, there will be plenty of speculation and cold analysis of a company and an industry and ultimately a man’s life. If you feel the need to speculate about what will happen to Apple’s stock, the direction of the company, the future of the tech world or whatever else then go right ahead.

For now, I think I’ll just pray for Steve Jobs and those closest to him. This can’t be an easy time and despite all of the world’s attempts to paint him as a super human he is still just like the rest of us.

Best wishes on whatever lies ahead, Mr. Jobs.

  • http://www.ashburnham-insurance.co.uk Joey

    Well something certainly isn’t right here. A fortune 500 CEO doesn’t just resign with a letter like that. The letter sounds far too personal. If he’d really thought over this decision like he says, I’m sure we’d see a proper letter.

    I reckon something else is going on, hopefully we’ll find out at some point.

    At least there’s some new blood. It’s about time the macbook and iMac got worked on. Stuffing a new chip in and increasing the graphics card year after year is getting a bit old.